While I think Jet's post should indicate an operating loss of $947K instead of "$947 million", the 10Q otherwise supports his claims. It spells out that only $102K of the operating expenses are related to one time fees.
"Operating Expenses: Operating expenses primarily consist of selling, general and administrative expenses. Selling, general and administrative expenses increased $959,000 or 1,132%, to $1,044,000 in the quarter ended September 30, 2014 from $85,000 for the same period in 2013. The merger and acquisition activities brought a new management team, board of directors and strategic advisors to the Company for the purpose of increasing business opportunities and shareholder value. Approximately $210,000 of the increase in operating expenses is related to salaries and benefits, $285,000 of the increase is related to investor relations of which $215,000 was non-cash stock compensation, $144,000 of the increase is related to director and strategic advisory board compensation of which $133,000 was non-cash stock compensation, $177,000 of the increase is related to marketing and promotions, $102,000 of the increase is related to one-time legal and accounting fees for the transactions, and $35,000 of the increase is related to research and development."
However, the 10Q does not support your claim of record revenues. I recall at least two BIBs being sold in 2013.
"Net Revenues: Net revenues decreased $211,000 or 24% to $682,000 in the nine months ended September 30, 2014 from $893,000 for the same period in 2013."
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